J.P. Morgan Asset Management (JPMAM) has launched JPMorgan Investment Funds - Global Macro Sustainable fund. The fund is a new addition to JPMAM's established suite of macro funds which have over €9bn in client AUM as of 31 July 2019.
Global Macro Sustainable will be run by macro strategies investment team, who seek to capitalise on return opportunities presented by macroeconomic themes. Using a sustainable approach, the team's global macro views will be reflected in a focused and flexible portfolio of long and short exposures across equity, fixed income, currency and volatility.
JPMAM has integrated Environmental, social and governance (ESG) risk analysis into investment decision making across all suite of macro funds.
Additionally, in Global Macro Sustainable, exclusions will be applied to certain industries and sectors including controversial weapons, tobacco and fossil fuels and the security-weighted ESG score for each asset class will be maintained above the median of its universe, tilting the portfolio towards companies and issuers that screen better on ESG criteria versus their peers.